Loan Loss Reserves at U.S. Mega Banks Are Far from Safe Levels
“There is zero chance that the megabanks in the U.S. are properly reserved for what comes next.”… Read More Loan Loss Reserves at U.S. Mega Banks Are Far from Safe Levels
Category: Faux Recovery
Stock Mutual Funds Have Had Net Outflows for 25 Weeks, Bringing Total to $388.7 Billion — a Record
If things don’t change significantly in the next two and a half months, the US will be facing its “largest annual net outflows ever, significantly outdistancing last year’s net negative result (-$294.0 billion).”… Read More Stock Mutual Funds Have Had Net Outflows for 25 Weeks, Bringing Total to $388.7 Billion — a Record
Despite Pandemic and Worst Downturn Since 1930s, Investors’ Margin Debt Grew by 15% Since January
In an ominous sign, margin requirements are also rising… Read More Despite Pandemic and Worst Downturn Since 1930s, Investors’ Margin Debt Grew by 15% Since January
Hunger in America, Especially Among Children, “Has Skyrocketed” During Covid-19
The number of children who do not have enough to eat has soared in the pandemic, according to the Census Bureau and Agriculture Department.… Read More Hunger in America, Especially Among Children, “Has Skyrocketed” During Covid-19
How Spain Became a Squatter’s Paradise
For many, squatting is a desperate last resort. For others, it’s a lifestyle choice or political statement. Barcelona, ground zero of the phenomenon, attracts squatters from all over Europe. By Nick Corbishley and cross-posted from WOLF STREET: Since the burst of Spain’s madcap housing bubble in 2009, squatting — the unlawful occupancy of uninhabited buildings or unused… Read More How Spain Became a Squatter’s Paradise
Ghosts of the Dot.Com Bust in Yesterday’s Tech Rout
By Pam Martens and Russ Martens of Wall Street on Parade… Read More Ghosts of the Dot.Com Bust in Yesterday’s Tech Rout
An Unprecedented 1,640 CEOs Departed in 2019; Now Execs Are Dumping Stock at Highest Pace Since 2006
Yet more evidence that the the current financial crisis began in the fall of 2019 – months before the first case of COVID-19 had emerged anywhere in the world… Read More An Unprecedented 1,640 CEOs Departed in 2019; Now Execs Are Dumping Stock at Highest Pace Since 2006
Subprime Mortgages Fall Massively Delinquent. Taxpayers on Hook. Housing Market Splits in Two
On one side: land rush by a few hundred thousand home buyers. On the other: millions of homeowners with delinquent mortgages. Here are the metros by FHA delinquency rate. Two exceed 27%… Read More Subprime Mortgages Fall Massively Delinquent. Taxpayers on Hook. Housing Market Splits in Two
When It Comes to JPMorgan, Warren Buffett Isn’t Buying the Spin from the Fed and the Street
When a storied investor like Warren Buffett is dumping what the Street is pumping, it’s never a good sign… Read More When It Comes to JPMorgan, Warren Buffett Isn’t Buying the Spin from the Fed and the Street
A Preview Of The Federal Reserve’s Coming Direct Money Transfers
Federal Reserve Governor Lael Brainard Says Fed Collaborating With MIT On “Hypothetical” Digital Currency… Read More A Preview Of The Federal Reserve’s Coming Direct Money Transfers
A Global Debt Crisis Is Looming — How Can We Avoid It?
There is an urgent need for wide-ranging debt relief in the midst of the coronavirus pandemic… Read More A Global Debt Crisis Is Looming — How Can We Avoid It?
A $10 Trillion Corporate Debt Bomb Is Waiting to Explode the U.S. Economy
In the last few months, this mountain of corporate debt has been compounded by a once-in-a-century event… Read More A $10 Trillion Corporate Debt Bomb Is Waiting to Explode the U.S. Economy
